Visa invests in Replit to power agentic payments for developers
7 hours ago
- #AI Payments
- #Enterprise Software
- #Tech Investment
- Visa invests in AI coding platform Replit and explores integrating Visa payment products into Replit.
- Over 1,000 Visa employees use Replit for prototyping; partnership explores Visa Intelligent Commerce and Trusted Agent Protocol.
- Visa's investment reflects broader race for agentic payments infrastructure, involving companies like Robinhood and Google.
- Replit launches self-serve enterprise access with contracts up to $200,000, offering enterprise-grade compliance features.
- Replit's valuation grew from $3 billion in September 2023 to $9 billion by March 2024, raising $400 million.
- Replit CEO notes low churn and high net retention (300% in some cases) as enterprises stick with its platform.